-
Alcoa Appoints Three Industry Vets To Board To 'Further Strengthen The Company' In Aerospace And Automotive
Monday, February 1, 2016 - 3:09pm | 291Read More...Alcoa Inc (NYSE: AA) announced on Monday it has appointed three industry executives to its Board of Directors, effective February 5. Alcoa noted it has named Ulrich "Rick" Schmidt, John C. Plant and Sean O. Mahoney to serve on its Board of Directors. The company stated that the three...
-
Alcoa Wins Another Major Contract, Investors Shrug Off News
Thursday, January 28, 2016 - 1:37pm | 200Read More...Alcoa Inc (NYSE: AA) announced on Thursday it has won a long-term supply agreement to supply components to Boeing Co (NYSE: BA). Alcoa's stock opened for trading at $7.17 and quickly dipped to an intra-day low of $6.14 before rebounding to the $7.00-level by early afternoon. As part of...
-
Looking Back: Why Alcoa's Earnings Beat Spells Trouble For The Global Economy
Thursday, January 28, 2016 - 9:53am | 852Read More...Alcoa Inc (NYSE: AA) kicked off the earnings season by beating expectations, but with a slight $50M miss on $5.3B revenues. The company had a slight hall pass coming into the quarter. In light of collapsing commodity prices, expectations for materials companies like Alcoa are pretty low. Plus,...
-
Alcoa Announces New Long-Term $1.5 Billion Contract; Shares Still Lower
Monday, January 11, 2016 - 10:54am | 129Read More...Shares of Alcoa Inc (NYSE: AA) were trading lower by more than 0.50 percent on Monday despite the company confirming a new $1.5 billion long-term contract. Alcoa will provide advanced nickel-based super-alloy, titanium and other components to General Electric Company (NYSE: GE)'s aviation segment...
-
Earnings Season Kicks Off: Alcoa And Intel
Sunday, January 10, 2016 - 7:45pm | 563Read More...The fourth-quarter reporting season kicks off this week with results from Alcoa. The latest earnings report from Intel is another highlight this week. Consensus forecasts call for declining earnings from both of them. The fourth-quarter reporting season kicks off when leading aluminum...
-
Alcoa, PepsiCo Kick Off Q3 Earnings Season
Sunday, October 4, 2015 - 4:46pm | 844Read More...The third-quarter earnings reporting period kicks off this week. PepsiCo, Yum Brands and Alcoa are first into the third-quarter earnings spotlight. Monsanto is also expected to share its latest results this week. The new earnings season begins this week, providing a look at how companies fared in...
-
Costco And Micron Lead Calm Before The Earnings Storm
Sunday, September 27, 2015 - 5:28pm | 872Read More...Few earnings reports are scheduled for this week, ahead of the third-quarter reporting kickoff. Costco and Micron Technology are the highlights of the week, but expectations for them are quite different. Others reporting this week include Paychex and Walgreens. One calendar quarter ends and...
-
Nike And BlackBerry Highlight Another Quiet Earnings Week
Sunday, September 20, 2015 - 10:25am | 861Read More...As the calendar quarter winds down, it will be another fairly quiet week on the earnings front. Wall Street analysts by and large expect to see at least a little growth in earnings from packaged foods giants ConAgra Foods Inc (NYSE: CAG) and General Mills, Inc. (NYSE: GIS) when they share their...
-
Why Bank Of America Went Bullish On Alcoa
Tuesday, September 8, 2015 - 11:56am | 254Read More...Alcoa Inc (NYSE: AA) is down 38.5 percent year-to-date. Timna Tanners, analyst with Bank of America Merrill Lynch, upgraded Alcoa to Buy with a $12 price target. Tanners based the firm's stance on the opinion that aluminum prices have lost "relevance" to Alcoa's share price. Bank of America...
-
Glick: If I Had To Buy One Stock, It'd Be Alcoa
Sunday, August 23, 2015 - 4:54pm | 411Read More...Kenny Glick was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. HitTheBid.com Founder Kenny Glick told Benzinga's #PreMarket Prep that if he had to buy one stock, it would be Alcoa Inc (NYSE: AA). Glick had earlier stated that,...
-
New Earnings Season Kicks Off: Alcoa, PepsiCo, Walgreens
Sunday, July 5, 2015 - 1:19pm | 816Read More...The traditional kickoff to a new earnings season comes when Alcoa Inc (NYSE: AA) reports its most recent quarterly results, as the aluminum giant is scheduled to do this week. Wall Street analysts, on average, are looking for year-over-year growth in earnings per share (EPS), but for revenue to...
-
Analyst: Why I'm Bullish On Alcoa's Aerospace Plan
Thursday, April 2, 2015 - 1:59pm | 277Read More...Alcoa Inc (NYSE: AA)'s $4.6 billion plan to expand its aerospace business will produce wider margins, while the price of its aluminum products is set to rise, an analyst said Thursday. "Contrary to some investors, we're positive" on the plan, said Bernstein's Vanessa Lau,...
-
3 Earnings To Bring This Season To A Close
Sunday, March 29, 2015 - 9:41am | 932Read More...The month of March and the calendar quarter come to a close in this holiday-shortened week, and things will be very quiet on the earnings front. The only three quarterly reports of note will come from CarMax, Inc (NYSE: KMX), Micron Technology, Inc. (NASDAQ: MU) and Monsanto Company (NYSE: MON...
-
Stifel Weighs In On Alcoa, Continues To See Increasing Aluminum Demand From The Auto Industry
Tuesday, January 13, 2015 - 2:54pm | 373Read More...Alcoa Inc (NYSE: AA) reported its fourth quarter results on Monday after market close. The company earned $0.33 per share, beating the consensus estimate of $0.26 per share while revenue of $6.40 billion topped expectations of $5.99 billion. In a note on Tuesday, Paul Massoud of Stifel...
-
4 Q4 Earnings Stories To Keep An Eye On
Sunday, January 11, 2015 - 3:28pm | 864Read More...Alcoa Inc (NYSE: AA) offers the traditional kickoff to the new earnings season on Monday. Although the stock is no longer a Dow Jones Industrial Average component, analysts are looking for positive results for the fourth quarter. Much of the focus this week, though, will be on earnings from...
